Investor Visa Mortgage Lending Program
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- It is now possible to obtain Permanent Resident Alien status in the United
States (symbolized by the "green card") with minimal risk and maximum speed.
United States Investment
Corporation has created a mortgage lending program
to accommodate all the requirements of the U.S. Immigration and
Naturalization Service under the Investor Visa Program.
This program is also
designed to meet the needs of offshore investors for ease of qualification,
simplicity and security of their investment.
- The basic requirements of the Investor Visa Program are an investment of
five hundred thousand U.S. dollars in a new enterprise that creates at least
ten new jobs lasting at least two years.
Under the USIC program, the company
identifies real estate mortgage lending opportunities that meet all
qualifications.
The investor places the funds into escrow in the
participating bank of his or her choosing.
Those funds are earmarked for use
as "permanent" mortgage funds for the project in question.
Interest on those
funds accrues to the investor.
- Deposit of these funds causes the project to begin construction which, in
turn, causes the issuance of a temporary green card to the investor.
The
card is good for two years and the project is guaranteed to be completed in
two years.
At the end of the construction period, the investor�s funds are
released as a first trust deed loan on the subject real estate.
The loan is
never for more than sixty five percent of the appraised market value of the
real property.
The loan is due and payable in three additional years and
bears the conventional rate of interest prevailing at the time the initial
deposit is made.
- Within that three year period, the real property in question will be sold
or refinanced to repay the investor his initial investment. The loan can be
repaid early without penalty.
The investor will have already received his or
her permanent green card within the three year period and will have no
further obligation to the project or the company.
- The company is offering participation only in projects in which it has
invested its own funds.
The company will take none of its funds out of the
project until after all investors/lenders have been repaid both their
principal and interest.
Interest can accrue or be paid quarterly as the
lender requires.
- Currently, the company has investments in two projects in Palm Springs,
California which include a resort hotel, golf course, spa and casino; 2,500
single family homes; and a recreation and entertainment center with theaters,
rides, virtual reality attractions, electronic games and card casino
facilities.
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All Language Translations
Contact us by E-mail
Copyright © 1996, United States Investment Corporation (All Rights Reserved).
Revised 1-JAugust-1996
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